Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Reaches New 1-Year High – Should You Buy?

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) reached a new 52-week high on Monday . The company traded as high as $37.76 and last traded at $37.62, with a volume of 37476 shares. The stock had previously closed at $37.21.

Schwab Fundamental U.S. Small Company ETF Trading Up 0.5%

The firm has a market capitalization of $10.73 billion, a PE ratio of 17.12 and a beta of 1.03. The business has a fifty day moving average price of $35.33 and a two-hundred day moving average price of $33.81.

Hedge Funds Weigh In On Schwab Fundamental U.S. Small Company ETF

A number of hedge funds have recently modified their holdings of FNDA. Waddell & Associates LLC lifted its stake in Schwab Fundamental U.S. Small Company ETF by 1.5% during the fourth quarter. Waddell & Associates LLC now owns 2,823,762 shares of the exchange traded fund’s stock worth $88,977,000 after purchasing an additional 41,512 shares in the last quarter. Prairiewood Capital LLC boosted its holdings in Schwab Fundamental U.S. Small Company ETF by 3.2% during the 1st quarter. Prairiewood Capital LLC now owns 2,053,795 shares of the exchange traded fund’s stock valued at $66,605,000 after acquiring an additional 63,840 shares during the period. Steele Capital Management Inc. boosted its holdings in Schwab Fundamental U.S. Small Company ETF by 4.2% during the 4th quarter. Steele Capital Management Inc. now owns 2,047,126 shares of the exchange traded fund’s stock valued at $64,505,000 after acquiring an additional 81,671 shares during the period. UBS Group AG boosted its holdings in Schwab Fundamental U.S. Small Company ETF by 5.7% during the 4th quarter. UBS Group AG now owns 1,428,932 shares of the exchange traded fund’s stock valued at $45,026,000 after acquiring an additional 76,901 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC boosted its holdings in Schwab Fundamental U.S. Small Company ETF by 1.3% during the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 1,157,772 shares of the exchange traded fund’s stock valued at $37,547,000 after acquiring an additional 14,946 shares during the period.

About Schwab Fundamental U.S. Small Company ETF

The Schwab Fundamental U.S. Small Company Index ETF (FNDA) is an exchange-traded fund that is based on the Russell RAFI Small Company US index. The fund tracks a fundamentally selected and weighted Russell index of small firms based on adjusted sales, retained operation cash flow, and dividends plus buybacks. FNDA was launched on Aug 15, 2013 and is managed by Charles Schwab.